If I transfer the red book to a relative, do I not have to pay personal income tax?

    Như Hạ |

    The article below will answer the question of whether or not personal income tax (PIT) must be paid when transferring the red book to a relative?

    According to Point a, Clause 1, Article 3 of Circular 111/2013/TT-BTC (amended and supplemented in Circular 92/2015/TT-BTC) stipulates exemption from personal income tax when transferring real estate (transferring red book ownership) (including future housing, future construction works according to the law on real estate business) between:

    - Husband and wife.

    - Biological father, biological mother and biological child.

    - Foster father, foster mother and foster child.

    - Father-in-law, mother-in-law and daughter-in-law.

    - Father-in-law, mother-in-law and son-in-law;

    - Grandparents with grandchildren, grandparents with grandchildren.

    - Brothers and sisters.

    Note: In case real estate (including future housing and future construction works according to the provisions of law on real estate business) created by the husband or wife during the marriage is determined to be the common property of the husband and wife, when divorced, it is divided by agreement or by court judgment, then the division of this property is exempt from tax.

    Thus, if the red book is transferred to relatives such as husband and wife, parents and children, grandparents and grandchildren, or siblings, personal income tax will not be paid.

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    In case the land is under planning, it is still allowed to transfer the red book name

    Nhóm PV |

    Transferring the land title to a planning land title is often difficult because the State agency refuses to do so if there is a decision to reclaim the land.

    Phí đo đạc, phí thẩm định hồ sơ... là những khoản tiền bố mẹ phải nộp khi sang tên sổ đỏ cho con. Ảnh minh hoạ: Minh Huy

    Parents who separate the red book for their children must pay these 4 fees

    Minh Huy (T/H) |

    When carrying out procedures to transfer or donate a part of a land plot to make a separate red book, parents must pay the following fees.